Show Notes
Solid earnings from Meta and Tesla, accompanied by Meta's better-than-expected guidance, appeared to impress and may provide more momentum for tech in what's been a strong week.
More from Schwab Market Update Audio
The market approaches the weekend on shaky ground after yesterday's dramatic tech sell-off and slide in Treasury yields amid a flight to perceived safety. Sentiment data looms.
SpaceX and Netflix both topped expectations late Tuesday, though neither moved much in the aftermath. Meta and Tesla report later today. The 10-year yield and oil fell Tuesday.
SpaceX reports later after a slight rebound for AI stocks yesterday ended an eight-day chip losing streak. Yields and oil remain in sharp focus, and Netflix also reports.
Earnings accelerate this week with a host of companies including Meta Platforms and Tesla. Last week was the worst since June for the Nasdaq as debt fears sent AI stocks reeling.
Treasury yields take center stage again today with little data or earnings. Yesterday's yield drop amid defensive positioning helped cyclical sectors, though AI kept struggling.